are the stocks on Wall Street with the highest beta, a measure that indicates how much a stock moves relative to the broader market.
"We actually like the short-term prospects here. It's slowly starting to stabilize, starting to establish a base," he said. "What really gets us excited is … the longer-term uptrend remains intact. If this stock repeats its pattern from 2016 to 2017 and from 2018 to 2019, those are two tests of that longer-term uptrend line and the rally off that line was in excess of 100% the first time, and then in 2018, we rallied 85%.
Danielle Shay, director of options at Simpler Trading, said it pays to be cautious with broad markets at highs after a strong run, but does see one solid high-beta candidate.
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